Total amount raised
$553.8 Million
Latest funding date
10/01/2023
Location
Tata Technologies has successfully navigated three funding rounds, with notable backing from investors such as the Ratan Tata Endowment Foundation and TPG Rise Climate Fund. The most recent funding round was a Secondary Market round led by TPG Rise Climate Fund.
Keep reading to explore the intricacies of Tata Technologies' fundraising journey and the investors backing this innovative platform.
What Is Tata Technologies?
Tata Technologies is a global engineering and digital transformation company headquartered in Pune, Maharashtra, India. The company operates in various industries, including aerospace, automotive, industrial heavy machinery, embedded software, mechanical engineering, and product design.
With a workforce of over 12,600 employees, Tata Technologies leverages its deep manufacturing knowledge to provide product development solutions for manufacturers. The company is committed to sustainability and innovation, offering a range of services from engineering and R&D to digital enterprise solutions and education.
How Much Funding Has Tata Technologies Raised?
- Funding Round: Secondary Market
- Amount Raised: USD 360,000,000
- Date: June 2017
- Lead Investors: Warburg Pincus
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To provide liquidity to existing shareholders and facilitate the entry of new investors.
- Funding Round: Secondary Market
- Amount Raised: INR 16,137,000,000 (approx. USD 194,000,000)
- Date: October 2023
- Lead Investors: TPG Rise Climate Fund
- Valuation at Round: INR 163,000,000,000 (approx. USD 1.95 billion)
- Motivation Behind the Round: Part of Tata Motors' de-leveraging strategy and to align with TPG Rise Climate's focus on climate-related sectors.
- Funding Round: Non-Equity Assistance
- Date: May 2015
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support operational and strategic initiatives without diluting equity.
Total Amount Raised: USD 554,000,000
Current Valuation: USD 1.95 billion
Key Investors
- TPG Rise Climate Fund
- Details: TPG Rise Climate Fund is the dedicated climate investing arm of TPG’s $18-billion global impact investing platform. It focuses on investments that drive climate solutions and sustainability.
- Investment Focus Areas: Energy transition, green mobility, sustainable fuels, sustainable molecules, carbon solutions.
- Notable Investments: Tata Passenger Electric Mobility Limited.
- Ratan Tata Endowment Foundation
- Details: The Ratan Tata Endowment Foundation is an endowment trust belonging to Tata Trusts Chairman Ratan Tata. It supports various philanthropic initiatives and investments.
- Investment Focus Areas: Not publicly disclosed.
- Notable Investments: Not publicly disclosed.
- Warburg Pincus
- Details: Warburg Pincus is a leading global private equity firm focused on growth investing. It has a portfolio of more than 200 companies.
- Investment Focus Areas: Technology, healthcare, financial services, energy, consumer and industrial sectors.
- Notable Investments: Not publicly disclosed.
What's Next for Tata Technologies?
Tata Technologies is poised for significant growth, leveraging its expertise in the automotive industry to expand into aerospace, transportation, and construction heavy machinery. The company's upcoming IPO, valued at Rs 16,300 crore, is highly anticipated and marks a major milestone for the Tata Group.
Future fundraising opportunities are abundant, with the IPO offering up to 95,708,984 equity shares. Strategic partnerships, especially in climate-focused sectors, are expected to drive further investments. However, Tata Technologies must navigate market volatility and intense competition to maintain its growth trajectory.
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